India may award Chinook and Apache contracts this year
Boeing is anticipating contract awards for 15 CH-47F Chinook heavy-lift helicopters and 22 AH-64E Apache combat helicopters from India by later this year.
Currently in last signature routing with the Ministry of Defence for both the planned procurements, India submitted final offers for acquiring Apache and Chinook in 2009 and 2010 respectively and the company has also held the prices for both helicopters since then.
Boeing Vertical Lift vice-president and general manager Leanne Caret said: "We expect that the contract award for the Chinook will come in the first half of the year, and the award for the Apache in the second half of the year."
"We really have taken on an affordability measure being able to give that back to the customer."
Boeing is also working on further developments for the AH-64 programme, which claims to incorporate more technologies.
India has recently allocated about $36.3bn in defence spending for 2014-2015, up 10%, with $14.93bn being allotted for weapon and equipment purchases during the next fiscal year.
Of the overall fund diverted for defence, about $1.16bn is anticipated to be used for procuring Boeing AH-64-D Apache helicopters, and about $833m will be spent for Chinook heavy-lift helicopters.
Image: The US Army's CH-47F Chinook helicopter. Photo: courtesy of US Army.